Pro traders exhibit a neutral short-term perspective while remaining bullish long-term about Bitcoin despite its recent price volatility. The market saw significant fluctuations as it responded to US economic data and developments involving the US Department of Justice and Silk Road Bitcoin. After hitting a rally above $102,500, traders remained alert to potential bearish patterns, especially under the influence of rising Treasury yields and media narratives. There was a notable decline in trading volumes on January 9 due to the closure of traditional finance markets, leading speculators to capitalize on bearish trends. Brian Russ of 1971 Capital highlighted that large global players complicate price manipulation, making such maneuvers harder than in previous cycles. Arguments suggest that bearish headlines may affect prices more than the actual events themselves, as traders anticipate future movements. The future outlook appears to hinge on upcoming significant events and trader sentiment, particularly with the inauguration of President-elect Trump on January 20 potentially shifting market dynamics.

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